US Manufacturers Reshoring
More US manufacturers than ever are considering reshoring. Unreliable supply chains, as evidenced by the recent crisis, is the latest reason but that is only one of the many reasons. Companies have been reshoring for years but look for that trend to accelerate. According to this recent article by Thomas.net, more than two thirds of US manufacturers surveyed are considering bringing parts of their supply chain back to the US and closer to their factories. This will likely provide a major boost to the industrial real estate markets in North America.
See attached Bisnow article: Reshoring Likely to Boost Industrial CRE